A joint venture is where individuals, corporations, partners, or a mixture of, agree to join together with the purpose of achieving a common business or investment activity.  Usually the union is to complete a specific project to earn income but could also be set up to complete a research or a product development goal.

March 27th, 2010

Your investment in a principle residence can provide a number of income tax advantages that can help you to reduce overall taxes and help to increase your net worth.   Various leveraging methods to help you achieve mortgage financing are available.

March 26th, 2010

In Canada; the spouse who provides money for an investment is taxable on the earnings.  If one spouse is in a lower tax bracket, or you expect one spouse will be mostly staying home with the responsibility of managing the household, or one spouse is expected to earn more because of their expected career advancements or business ventures; then you must make plans […]

January 15th, 2010

When you decide to be an entrepreneur; you empower yourself with the rights to organize a business venture.  Entrepreneurship encourages the building of prosperity and the creating of greater opportunities for your family and/or you.  Using expert knowledge seek all the enriching and beneficial rewards that are available to you as an entrepreneur.  Knowledge and organization are the keys to […]

January 8th, 2010

To receive additional discretionary income (without having to earn more) involves making beneficial life style choices and decisions so that your family pays less income taxes overall.  This should be your mantra for additional wealth gathering – how can I use income splitting? 

January 1st, 2010

Ideally one should utilize leverage whenever possible.   A great way to create a retirement savings plan by using other people’s money is to save for a down payment and purchase a rental property.  The goal is to ensure you rent to suitable and responsible tenants and let them pay off the mortgage.  Over time the principle will be paid off with their […]

December 25th, 2009

It is a fundamental taxation principle that a corporation is a distinct entity.  Each shareholder is also a distinct entity.  This structure of independant relationships allows for economic advantages that can be made available for each shareholder.

December 18th, 2009

One way to live a better and more prosperous life is to know how to utilize legal entities to your maximum advantage when the opportunities are available or as a predetermined plan of action. 

December 4th, 2009